December 10, 2015

Counting the cost of ‘grey’ divorce

One of the saddest personal finance stories of the year is a recent piece in The New York Times about the growth of what the author calls “silver or grey divorces”. These divorces involve couples who have been married or in a de facto relationship for 30 years or so who make a decision to separate when close to their retirement or in early retirement. The article quotes statistics from the National Centre for Family and Marriage Research in Ohio stating that people aged over 50 were twice as likely to divorce in 2014 than in 1990. And the increase was […]
December 10, 2015

‘Unretiring’ retirees

It could be called ‘unretiring’ if there were such a word. This is the practice of retirees making a decision to return to work. Financial needs, medical advances and greater longevity are among the most obvious reasons why some retirees decide to try to make a comeback to the paid workforce. Another reason is that a retirement lifestyle may not prove as satisfying as perhaps envisaged. In the depths of the Global Financial Crisis (GFC), such publications as Money Magazine in the US and Forbes magazine published articles about retirees returning to the workforce mainly to rebuild their then diminished nest eggs. And long […]
December 10, 2015

What’s really happening with property?

There’s little doubt that property is an attractive investment option for many, but with the media reporting conflicting news about the Australian property sector, it’s difficult to understand what’s really going on. Many people considering an investment in property have a preference for direct property; residential, industrial or commercial. Among other reasons, this popularity may be driven by an economy that is currently living with record low interest rates. Alternatively, property trusts offer small-scale investors the opportunity to invest in properties not directly accessible to them, such as large retail developments or overseas projects. Over recent years, however, there’s been […]